Prime Minister Kyriakos Mitsotakis referred to a government amendment announced on Monday that will abolish commissions and fees charged by banks and ATM service providers, in a TikTok posting on Tuesday.
"When the rules are not followed, we intervene!," Mitsotakis said.
As he explained, "Last December we established rules to restrict excessive bank fees. But some found a loophole and continued to abusively charge citizens. This stops here. We are tabling a new amendment that permanently closes these loopholes. It voids the commission for every withdrawal you make from an ATM of another bank in the DIAS system, as well as from a third-party service provider who has a shareholder relationship with your bank. At the same time, limits are being imposed to charges by third-party servicers." The PM added, "Bank services must serve citizens. They must not burden citizens unfairly."